Allison, Inc., produces two products, X and Y, in a single joint process. Last month the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Addi-tional processing costs were $15,000 for Product X and $10,000 for Product Y. Product X sells for $10, and Product Y sells for $5. The joint cost allocations to Products X and Y using the net realizable value method would be: Group of answer choices $42,500 $32,500 $30,000 $45,000 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 2 Question 23 pts The joint cost allocations to Products X and Y using the physical units method would be: Group of answer choices $30,000 $45,000 $42,500 $32,500 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 3 Question 33 pts The joint cost allocations to Products X and Y using the constant gross margin percentage method would be: Group of answer choices $42,143 $32,857 $30,000 $45,000 $42,500 $32,500 $45,000 $30,000 none of the above
Allison, Inc., produces two products, X and Y, in a single joint process. Last month the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Addi-tional processing costs were $15,000 for Product X and $10,000 for Product Y. Product X sells for $10, and Product Y sells for $5. The joint cost allocations to Products X and Y using the net realizable value method would be: Group of answer choices $42,500 $32,500 $30,000 $45,000 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 2 Question 23 pts The joint cost allocations to Products X and Y using the physical units method would be: Group of answer choices $30,000 $45,000 $42,500 $32,500 $42,857 $32,143 $45,000 $30,000 none of the above. Flag question: Question 3 Question 33 pts The joint cost allocations to Products X and Y using the constant gross margin percentage method would be: Group of answer choices $42,143 $32,857 $30,000 $45,000 $42,500 $32,500 $45,000 $30,000 none of the above
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 10CE: A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each...
Related questions
Question
Allison, Inc., produces two products, X and Y, in a single joint process. Last month the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Addi-tional
- The joint cost allocations to Products X and Y using the net realizable value method would be:
Group of answer choices
$42,500 $32,500
$30,000 $45,000
$42,857 $32,143
$45,000 $30,000
none of the above.
Flag question: Question 2
Question 23 pts
The joint cost allocations to Products X and Y using the physical units method would be:
Group of answer choices
$30,000 $45,000
$42,500 $32,500
$42,857 $32,143
$45,000 $30,000
none of the above.
Flag question: Question 3
Question 33 pts
The joint cost allocations to Products X and Y using the constant gross margin percentage method would be:
Group of answer choices
$42,143 $32,857
$30,000 $45,000
$42,500 $32,500
$45,000 $30,000
none of the above
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning